What are my options if facing foreclosure?

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If you have found this website,  you are not in a Fun position but it is temporary and you can get through it, I understand, I have been there.  Our team wants to help you retain your house if possible, or maximize your return on equity.   

I want to be very clear, we will try and save your property from foreclosure,  but not everyone is in a position to save their property.  If we can not legally save the property, we will make your transition as smooth and since I am a mortgage broker, I have something no other lender is offering for your next home purchase.  Contact me for details.

What are my options?

1) Do Nothing  

     (lose it all, 250-point deduction in credit score, and not able to buy a home for 5 years)

2) Catch Up On Your Payments 

     ( sell assets or ask friends and family to assist, your loan must be in good standing for 3 months before         being able to refinance)

3) Loan Modification 

     (your FIRST call should be to your mortgage company and ask for payment plans or modifications.  Most lenders will make concessions up  to 6 months)

4) File Bankruptcy 

    (options for personal and business to repay the debt or to clear all debts, last option.  Contact an attorney for more assistance.)

5) Sell the Home 

    (must be a cash offer due to limited time line to foreclosure date)

6) Foreclosure Bail Out Loan

     ( investment properties only with 50% more equity)

7) Subject To Financing 

      (Saved your best option for last. We will to help fix your credit up to 5 years, call for more info)

WHAT IS A FORECLOSURE BAILOUT LOAN?

A Foreclosure Bailout loan is considered an asset-based refinance mortgage, based on the current appraised value of the property or asset.  This type of loan program, also known as a Bailout Foreclosure Loan, is an additional loan taken out to refinance and pay off the existing mortgage that is in default.  Foreclosure Bailout Loans are to save investment properties from having their properties foreclosed upon by the bank.   Only available on Rental Property with 50% or greater equity.

 If you are facing foreclosure give me a call 713-301-0007 or email adam@bartlinglending.com

Loans exclude the following states at time of  this website creation: ND, SD, NY, MN, MT, ID, NH, VT, WY, ID, MA, CT, NJ, MD, HI, AK, OR, WA